CINT - CI&T Inc: High Customer Concentration In Brazil Keeps Me Conservative
2023-03-20 02:49:36 ET
Summary
- CI&T operates in a vast market for digital transformation services, which is estimated to grow to around $4.6 trillion by 2030.
- CINT is currently trading at a discount compared to its own historical multiple as well as to its peers in the industry.
- As around 40% of its revenue comes from Brazil, the company is exposed to foreign exchange risks that could negatively impact its USD-denominated revenue if the Brazilian Real depreciates against the US dollar.
For further details see:
CI&T Inc: High Customer Concentration In Brazil Keeps Me Conservative